They include a perfecting of our farm program to protect farmers' income and consumers' purchasing power from alternate risks of crop gluts and crop shortages.
They include wholehearted acceptance of new standards of honesty in our financial markets.
They include reconcilement of enormous, antagonistic interests--some of them long in litigation--in the railroad and general transportation field.
They include the working out of new techniques--private, state and federal--to protect the public interest in and to develop wider markets for electric power.
They include a revamping of the tax relationships between federal, state and local units of government, and consideration of relatively small tax increases to adjust inequalities without interfering with the aggregate income of the American people.
They include the perfecting of labor organization and a universal ungrudging attitude by employers toward the labor movement, until there is a minimum of interruption of production and employment because of disputes, and acceptance by labor of the truth that the welfare of labor itself depends on increased balanced out-put of goods.
To be immediately practical, while proceeding with a steady evolution in the solving of these and like problems, we must wisely use instrumentalities, like Federal investment, which are immediately available to us.
Here, as elsewhere, time is the deciding factor in our choice of remedies.
Therefore, it does not seem logical to me, at the moment we seek to increase production and consumption, for the Federal Government to consider a drastic curtailment of its own investments.
The whole subject of government investing and government income is one which may be approached in two different ways.